A target of achieving net zero carbon emissions across its entire customer base by the year 2050 at the most has been set by HSBC while also providing financing to help clients make the transition to the tune of between $750 billion and $1 trillion, said the bank’s  Chief Executive Noel Quinn...

Despite an increase in demand for its pizzas during the novel coronavirus pandemic crisis, the global pizza chain Dominos Pizza Inc reported a smaller than expected profit for the latest completed quarter because of higher costs related to the pandemic and bonuses to staff.   This bit of new...

According to potential investors and analysts, the restrictions imposed by United States on the Chinese financial technology giant Ant Group will not likely be affect its $35 billion initial public offering (IPO) because of the very limited overseas presence of the company.   Based on...

The German auto giant Daimler is aiming to conduct a complete overhaul of its Mercedes-Benz brand and to reposition it as a more upmarket and luxury brand.   The strategy adopted by the company to achieve this includes cutting of fixed costs, capital expenditure and expenditure in research...

The largest retailer of the United Kingdom Tesco reported a 15.6 per cent drop in its core profit despite a significant growth in sale because of the Cvoid-19 pandemic and as sale costs outweighed the increased sale coupled with losses incurred by Tesco Bank.   The new chief executive Ken...

South Korean auto making giant Hyundai brought its zero-emission commercial vehicles to European roads with the delivery of the first seven hydrogen-powered trucks to customers in Switzerland. The company is scheduled to deliver 50 such vehicles to te country this year.   Because of the...

The look and working of the labels that the micro blogging site Twitter applies to misinformation are being reconsidered by it as a part of the efforts of the company to try and make these interventions more obvious to its users and reduce its reaction times to such posts, said e company’s head of...

With the process of shifting to electric cars, which is costly, looming large, the luxury car maker Mercedes-Benz is conducting a rethink of restructuring of its operations to become more profitable after spending years in its efforts to remain the global leader in the sale of luxury cars, an...

The United Kingdom government is being urged by food firm in the country to strengthen rules aimed at protecting rainforests.     A new law that aims to prevent big companies from using produce from illegally deforested land is being planned by the UK government.   The companies...

Another Chinese tech company is slated to become a target for the United States administration.   According to China's biggest chipmaker Semiconductor Manufacturing International Corporation (SMIC), restrictions imposed on it by the US could result in the company being cut off from key...

A United Kingdom state agency said that the former chief of the now defunct political consulting firm Cambridge Analytica will not be allowed to form and run any limited liability companies in the UK for a period of seven years over charges that he had allowed his staff to offer “unethical...